ProtocolX Announcements pinned «AMA NOW LIVE! https://twitter.com/i/spaces/1MYGNgvaamQJw?s=20»
New Team Member
Good morning PTX fam!
As you may be aware our lovely Nat has been protecting the discord and telegram groups for a while now and has been one of our most reliable team members outside of the core team, during this time we noticed the burning passion within Nat to grow and spread her wings within Protocol X and are happy to announce that she will be taking the position as Partnership Lead within PTX.
What will the job role consist of?
Nat's main role will to solely focus on lining up potential marketing/partnership opportunities for the Protocol X Team to attend to and bridging prospective projects to work with either PTX, PUSD or X-shares.
Nat is extremely versatile within the space and has been focused on growing her personal networking connections and bridging gaps within the space and has successfully been doing so since her arrival into DeFi and is an outstanding addition to the already stacked PTX team.
Nat will also attend AMAs when necessary and will be a new doxxed team member on the https://ptxcrypto.com/ website eventually.
Nat will still be continuing her duties as a moderator within the discord/telegram also!
Good morning PTX fam!
As you may be aware our lovely Nat has been protecting the discord and telegram groups for a while now and has been one of our most reliable team members outside of the core team, during this time we noticed the burning passion within Nat to grow and spread her wings within Protocol X and are happy to announce that she will be taking the position as Partnership Lead within PTX.
What will the job role consist of?
Nat's main role will to solely focus on lining up potential marketing/partnership opportunities for the Protocol X Team to attend to and bridging prospective projects to work with either PTX, PUSD or X-shares.
Nat is extremely versatile within the space and has been focused on growing her personal networking connections and bridging gaps within the space and has successfully been doing so since her arrival into DeFi and is an outstanding addition to the already stacked PTX team.
Nat will also attend AMAs when necessary and will be a new doxxed team member on the https://ptxcrypto.com/ website eventually.
Nat will still be continuing her duties as a moderator within the discord/telegram also!
Ptxcrypto
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ProtocolX Announcements pinned «New Team Member Good morning PTX fam! As you may be aware our lovely Nat has been protecting the discord and telegram groups for a while now and has been one of our most reliable team members outside of the core team, during this time we noticed the burning…»
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In just couple hours, there has been over 5,5M $PTX tokens in the 12 months vault. Huge day! Watch this video to see what's happening next!
Vault & PUSD are live!
Join our discord: https://discord.gg/protocolx
Website
https://ptxcrypto.com
Vault & PUSD are live!
Join our discord: https://discord.gg/protocolx
Website
https://ptxcrypto.com
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Are you ready for XShare? 🔥
Pre-mint opening soon! 👀
What is XShare NFT's?
The first genuine passive income NFTs that do not rely on new investors to continue to give a yield. Owning a XShare is your direct share of the company's revenue stream.
Stay tuned!🙏
Share, comment & Like
https://twitter.com/ProtocolX_/status/1593292981041340416
Pre-mint opening soon! 👀
What is XShare NFT's?
The first genuine passive income NFTs that do not rely on new investors to continue to give a yield. Owning a XShare is your direct share of the company's revenue stream.
Stay tuned!🙏
Share, comment & Like
https://twitter.com/ProtocolX_/status/1593292981041340416
❤4⚡3👎1
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#XShares are live!
Head over to our XShare page of our dApp to mint now!
https://app.ptxcrypto.com/xshares
#NFTGiveaway
Head over to our XShare page of our dApp to mint now!
https://app.ptxcrypto.com/xshares
#NFTGiveaway
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Be sure to set a reminder for our WEEKLY PROTOCOLX ALPHA MONDAY AMA on discord in 2 hours!
https://discord.gg/B66mbYer?event=1046223463091818637
Did you minted your XShare yet? Watch this!
https://app.ptxcrypto.com/xshares
https://discord.gg/B66mbYer?event=1046223463091818637
Did you minted your XShare yet? Watch this!
https://app.ptxcrypto.com/xshares
📣Major Update! Please Read!‼️
We are officially and formally ending emissions and transitioning towards a deflationary protocol, which will allow there to be a positive price action pressure on PTX rather than constant negative price pressures. This decision is strategic and calculated, as we are very aware of the inflationary impact of a token. By the time we get the full ecosystem live and feeding into each other appropriately, the emissions will be so high that it would be a constant and potentially impossible battle to overcome future sell pressure.
This change is to bring additional value to PTX and PTX holders. Even though we are eliminating the token rewards, the inherent value of PTX is going to now be given a much stronger chance to increase in value over time, particularly compared to how it has been trending since we went live.
Please read the following information for a full explanation of how these changes will become a genuine and measurable benefit to PTX holders and ProtocolX as a whole:
⭐Mission Statement⭐
Convert ProtocolX (PTX) from an inflationary protocol to a deflationary protocol by capping token supply and utilizing XShares for token burns (via upgrades and buy-backs), contractual buy-backs and burns of PTX, and defined trading fund revenue for buy-backs and burns. (edited)
⭐How It Works⭐
With a hard capped supply and deflationary mechanics, PTX is no longer being pressured by a constantly increasing supply and sell pressures that are currently inherent to the protocol. In this update, PTX will be the native token (ePTX will no longer exist). There will be no rebasing or staking rewards that cause the native token (PTX) to increase supply. In order to turn the protocol deflationary, there will be incentive for PTX holders to burn PTX to upgrade their XShare NFTs, contractual burns via the buy/sales tax, and a buy-back and burn wallet that is bolstered by XShares and trading revenue. ProtocolX utilizes contractual and strategic efforts to continue to put a positive pressure variable on PTX’s liquidity, providing for a stronger token over time. ProtocolX will develop a strong utility for purchasing and holding PTX, led by deflationary mechanics and an airdrop (or staking) system for PTX holders (Q1-Q2 of 2023).
⭐PTX⭐
ProtocolX’s native token (PTX) has a fixed supply. Over time, the introduction of a PUSD airdrop system incentivizes those who buy and hold PTX tokens. PUSD revenue comes from trading revenue (separate pool than XShare pool). This inherent utility for PTX differentiates it from most DeFi tokens in the space, providing real returns on a deflationary token.
⭐Tokenomics⭐
👉100m Initial Supply (Hard capped), deflationary by design. (We will be addressing this as soon as possible)
👉Buy Tax: 4%
👉Sales Tax: 8%
💥ePTX💥
👉Removed entirely. Nullify all active vaults.
👉End vault minting.
👉Turn off early withdrawal penalties. (All vaults are set to 0% early withdrawal fees now)
✨Phase 1: (11/30/2022 - Q1 2023)✨
👉Stop the inflation (turn off new mints).
👉Improve contract tokenomics to support LP.
👉Begin deflationary (burn) mechanics.
👉Grow investment funds as much as possible (Target of Feb - March for full ability to fund all mechanics)
👉XShare runs as previously defined: 50% of profits to rewards / 30% compounded / 10% to token support / 10% to treasury
✨Phase 2: (Q1 2023 - Q2 2023)✨
👉PUSD airdrop rewards for PTX holders (Have the dApp show how many rewards given out to holders (in $)).
👉Significant LP injection, strategically timed and perhaps in phases.
👉Major marketing push (strategically timed, particularly if the bear market is still taking swings).
⭐Ecosystem⭐
💥PTX💥
👉Deflationary token.
👉Used to upgrade XShare NFTs.
👉PUSD rewards for holding (Q1-Q2 2023)
💥XShares(No changes)💥
👉1 BNB for Commons (Upgrade tiers by burning PTX).
👉Revenue Share NFTs (Passive Income).
👉Pays out in PUSD bi-weekly.
💥PUSD (No changes)💥
👉100% BUSD backed algorithmic token (token appreciates during buys and sales)
We are officially and formally ending emissions and transitioning towards a deflationary protocol, which will allow there to be a positive price action pressure on PTX rather than constant negative price pressures. This decision is strategic and calculated, as we are very aware of the inflationary impact of a token. By the time we get the full ecosystem live and feeding into each other appropriately, the emissions will be so high that it would be a constant and potentially impossible battle to overcome future sell pressure.
This change is to bring additional value to PTX and PTX holders. Even though we are eliminating the token rewards, the inherent value of PTX is going to now be given a much stronger chance to increase in value over time, particularly compared to how it has been trending since we went live.
Please read the following information for a full explanation of how these changes will become a genuine and measurable benefit to PTX holders and ProtocolX as a whole:
⭐Mission Statement⭐
Convert ProtocolX (PTX) from an inflationary protocol to a deflationary protocol by capping token supply and utilizing XShares for token burns (via upgrades and buy-backs), contractual buy-backs and burns of PTX, and defined trading fund revenue for buy-backs and burns. (edited)
⭐How It Works⭐
With a hard capped supply and deflationary mechanics, PTX is no longer being pressured by a constantly increasing supply and sell pressures that are currently inherent to the protocol. In this update, PTX will be the native token (ePTX will no longer exist). There will be no rebasing or staking rewards that cause the native token (PTX) to increase supply. In order to turn the protocol deflationary, there will be incentive for PTX holders to burn PTX to upgrade their XShare NFTs, contractual burns via the buy/sales tax, and a buy-back and burn wallet that is bolstered by XShares and trading revenue. ProtocolX utilizes contractual and strategic efforts to continue to put a positive pressure variable on PTX’s liquidity, providing for a stronger token over time. ProtocolX will develop a strong utility for purchasing and holding PTX, led by deflationary mechanics and an airdrop (or staking) system for PTX holders (Q1-Q2 of 2023).
⭐PTX⭐
ProtocolX’s native token (PTX) has a fixed supply. Over time, the introduction of a PUSD airdrop system incentivizes those who buy and hold PTX tokens. PUSD revenue comes from trading revenue (separate pool than XShare pool). This inherent utility for PTX differentiates it from most DeFi tokens in the space, providing real returns on a deflationary token.
⭐Tokenomics⭐
👉100m Initial Supply (Hard capped), deflationary by design. (We will be addressing this as soon as possible)
👉Buy Tax: 4%
👉Sales Tax: 8%
💥ePTX💥
👉Removed entirely. Nullify all active vaults.
👉End vault minting.
👉Turn off early withdrawal penalties. (All vaults are set to 0% early withdrawal fees now)
✨Phase 1: (11/30/2022 - Q1 2023)✨
👉Stop the inflation (turn off new mints).
👉Improve contract tokenomics to support LP.
👉Begin deflationary (burn) mechanics.
👉Grow investment funds as much as possible (Target of Feb - March for full ability to fund all mechanics)
👉XShare runs as previously defined: 50% of profits to rewards / 30% compounded / 10% to token support / 10% to treasury
✨Phase 2: (Q1 2023 - Q2 2023)✨
👉PUSD airdrop rewards for PTX holders (Have the dApp show how many rewards given out to holders (in $)).
👉Significant LP injection, strategically timed and perhaps in phases.
👉Major marketing push (strategically timed, particularly if the bear market is still taking swings).
⭐Ecosystem⭐
💥PTX💥
👉Deflationary token.
👉Used to upgrade XShare NFTs.
👉PUSD rewards for holding (Q1-Q2 2023)
💥XShares(No changes)💥
👉1 BNB for Commons (Upgrade tiers by burning PTX).
👉Revenue Share NFTs (Passive Income).
👉Pays out in PUSD bi-weekly.
💥PUSD (No changes)💥
👉100% BUSD backed algorithmic token (token appreciates during buys and sales)
❤1
New GitBook now Live!
Removing the initial white-paper and moving towards an ever-growing format will allow us to continue to update, adjust and increase knowledge at the click of a finger, our new documents page is there to explain and educate all holders, new or old.
The new GitBook will clear any confusion and issues regarding understanding the purpose, ideology and future behind Protocol X - whilst also maintaining professionalism & ease of use.
If you have any questions, suggestions or queries, please feel free to let your voice be heard!
Enjoy!
https://protocol-x.gitbook.io/ptxcrypto/introduction/ptxcrypto
Removing the initial white-paper and moving towards an ever-growing format will allow us to continue to update, adjust and increase knowledge at the click of a finger, our new documents page is there to explain and educate all holders, new or old.
The new GitBook will clear any confusion and issues regarding understanding the purpose, ideology and future behind Protocol X - whilst also maintaining professionalism & ease of use.
If you have any questions, suggestions or queries, please feel free to let your voice be heard!
Enjoy!
https://protocol-x.gitbook.io/ptxcrypto/introduction/ptxcrypto
protocol-x.gitbook.io
Introduction to Protocol X | Protocol X (PTXCrypto)
Welcome to Protocol X!
👍3
ProtocolX Announcements pinned «New GitBook now Live! Removing the initial white-paper and moving towards an ever-growing format will allow us to continue to update, adjust and increase knowledge at the click of a finger, our new documents page is there to explain and educate all holders…»
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